Lutheran Home-Hickory Inc
- Assets
- $9.0m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 363
- Location
- Salisbury, NC
- Founding
- 04/1988
- Data as of
- 09/2021
- EIN
- 20-1457341
Organization Overview
Lutheran Home-Hickory Inc, operating under the name Trinity Village, is located in Salisbury, NC. The organization was established in 1988. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2021, Trinity Village employed 363 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trinity Village is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Trinity Village generated $16.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $15.8m during the year ending 09/2021. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUTHERAN HOME - HICKORY, INC. STRIVES TO BE A TRUE HOME FOR ITS RESIDENTS, A PLACE OF COMFORT, SECURITY AND BELONGING. STAFF EMPHASIZE BOTH QUALITY CARE AND QUALITY OF LIFE. MEANINGFUL ACTIVITIES BRING RESIDENTS, STAFF, FAMILIES AND VOLUNTEERS TOGETHER IN A SPIRIT OF FUN AND FELLOWSHIP. STAFF ARE COMMITTED TO PROVIDING COMPASSIONATE CARE AND PERSONAL ATTENTION TO RESIDENTS WHILE MEETING THE UNIQUE MEDICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF EACH INDIVIDUAL. BECAUSE CHOOSING A NURSING HOME OFTEN COMES AT A DIFFICULT TIME, CHAPLAINS ARE AVAILABLE TO OFFER SUPPORT AND GUIDANCE TO FAMILIES AND RESIDENTS DURING ADMISSION AND THROUGHOUT THEIR STAY. SEE CONTINUATION ON SCHEDULE ODURING THE YEAR ENDED SEPTEMBER 30, 2021, LUTHERAN HOME - HICKORY, INC. PROVIDED 54,357 DAYS OF CARE TO 399 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcheta Campbell Top 5 Highest Paid | 40 | $113,988 | |
Ted Goins Ceo/president | OfficerTrustee | 1 | $0 |
Karen Maddry Secretary | Officer | 1 | $0 |
Kirby Nickerson Chief Financial Officer | Officer | 1 | $0 |
Kesha Smith COO - Senior Services | Officer | 1 | $0 |
Gregory Hudgins Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lsa Management Inc Management Services | 9/29/21 | $2,457,755 |
Trinity Rehab Llc Therapy Services | 9/29/21 | $1,222,873 |
Lsa Pharmacy Pharmaceutical Services | 9/29/21 | $617,313 |
Lutheran Home Hickory Property Assisted Living And Continuing Care Serv | 9/29/21 | $600,000 |
Gordon Food Service Inc Food Services | 9/29/21 | $580,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $490,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $527,452 |
| Total Program Service Revenue | $15,368,871 |
| Investment income | $46,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,014,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,348,940 |
| Pension plan accruals and contributions | $42,812 |
| Other employee benefits | $897,176 |
| Payroll taxes | $595,525 |
| Fees for services: Management | $754,530 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,221 |
| Fees for services: Other | $1,333,298 |
| Advertising and promotion | $1,959 |
| Office expenses | $485,442 |
| Information technology | $19,276 |
| Royalties | $0 |
| Occupancy | $850,925 |
| Travel | $1,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,340 |
| Interest | $4,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,825 |
| Insurance | $110,361 |
| All other expenses | $305,410 |
| Total functional expenses | $15,790,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,771,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,764 |
| Prepaid expenses and deferred charges | -$14,649 |
| Net Land, buildings, and equipment | $458,937 |
| Investments—publicly traded securities | $2,270,349 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,800,441 |
| Total assets | $8,958,824 |
| Accounts payable and accrued expenses | $528,149 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $281,687 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $809,836 |
| Net assets without donor restrictions | $8,113,504 |
| Net assets with donor restrictions | $35,484 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,958,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Home-Hickory Inc has recieved totaling $23,074.
| Awarding Organization | Amount |
|---|---|
Foundation For Abundant Living Salisbury, NC PURPOSE: OPERATIONAL SUPPORT | $23,074 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Southminster Inc Charlotte, NC | $251,267,272 | $46,562,509 |
Sunnyside Presbyterian Home Harrisonburg, VA | $146,625,946 | $50,868,403 |
Bishop Gadsden Episcopal Retirement Community Charleston, SC | $293,506,409 | $50,827,097 |
Carolina Meadows Inc Chapel Hill, NC | $159,623,308 | $43,472,709 |
Springmoor Inc Raleigh, NC | $57,744,266 | $37,768,204 |
Williamsburg Landing Inc Williamsburg, VA | $188,766,508 | $45,342,775 |
Moravian Home Incorporated Winstonsalem, NC | $135,166,146 | $36,716,865 |
Lakewood Manor Baptist Retirement Community Inc Glen Allen, VA | $206,811,940 | $42,484,506 |